Research Desk Line-up: Reading Intl. Post Earnings Coverage
LONDON, UK / ACCESSWIRE / November 14, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Eros International PLC (NYSE: EROS), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=EROS. The Company announced on November 10, 2017, that its progressive digital over-the-top (OTT) South Asian entertainment platform, Eros Now, would be available on WebOS-enabled LG smart TVs globally. As part of this platform placement deal, the Eros Now application would get preferred placement in mobile devices in India. This move would also broaden the reach of its streaming service in India. For immediate access to our complimentary reports, including today's coverage, register for free now at:
Discover more of our free reports coverage from other companies within the Movie Production, Theaters industry. Pro-TD has currently selected Reading International, Inc. (NASDAQ: RDI) for due-diligence and potential coverage as the Company announced on November 06, 2017, its financial results for Q3 2017 which ended on September 30, 2017. Tune in to our site to register for a free membership, and be among the early birds that get our report on Reading Intl. when we publish it.
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Eros Now Already Has a Wide User Base
- Eros Now is the leading on-demand South Asian entertainment network of Eros International. The Eros Now content can be accessed anytime, anywhere, and on majority of Internet-connected screens such as mobile, web, and TV.
- Eros Now offers uninterrupted entertainment by hosting one of the largest libraries of movies, premium television shows, music videos, as well as audio tracks.
- Features such as HD video, multi-language subtitles, movie downloads, and high quality original drama series differentiate Eros Now from its competitors.
- At present, Eros Now has over 75 million registered users globally.
Implications for Viewers
- As per the deal, Eros Now's content would be available to millions of LG smart TV owners across the globe.
- Thus, LG smart TV owners would be able to enjoy a range of exciting features such as full-length movies, thematic curated playlists, multi-language subtitles for movies, music video playlists, regional language filters, and access to a watch list of titles.
In this regard, Rishika Lulla Singh, Chief Executive Officer (CEO) at Eros Digital, expressed her pleasure on partnering with LG, which is one of the largest and most formidable brands in consumer electronics. She spoke about the increasing need of smart TVs in households and believes Eros' partnership with LG would provide LG Smart TV users access to premium Eros Now content. This would create a seamless viewing experience for them, and consequently, this would advance Eros International's vision of being platform agnostic.
Move Expected to Boost LG Smart TV Sales in India
Younchul Park, the Director at Home Entertainment, LG Electronics India, also expressed his excitement on collaborating with Eros Now. He shared that LG constantly looks out for partnerships that have the potential to create value for its consumers. He believes that the partnership with Eros Now is another step towards this endeavor.
He revealed that the smart TV industry in India is currently in its growth path. The availability of good content would definitely enhance the overall consumer experience of smart televisions. Park, therefore, considers that this deal would further drive smart TV sales in India. It would also help LG create a favorable eco-system for catering to the ever-increasing demand for smart TVs and good content.
Eros Now Enters South African Market with Telecel Global Partnership
Just a week before the deal with LG, Eros International announced on November 03, 2017, that Eros Now would enter the South African market through a strategic partnership with leading telecommunications provider, Telecel Global Pty.
As part of this deal, Eros Now content would be available to Telecel's customers as a bundled service with their prepaid and postpaid data plans, IPTV, and set-top box with multi-purpose quad service applications. South Africa, which is popularly referred to as ‘The Mobile Continent', has recently noted a high rate of mobile phone adaptation. In fact, according to Nielson, mobile video is exceptionally prominent in African regions. This association with Telecel would help Eros International leverage on the existing annual paid subscribers in the South African market.
Last Close Stock Review
At the closing bell, on Monday, November 13, 2017, Eros Intl.'s stock marginally rose 0.39%, ending the trading session at $12.90. A total volume of 314.99 thousand shares have exchanged hands. The Company's stock price skyrocketed 88.32% in the last three months and 18.35% in the past six months. The stock is trading at a PE ratio of 6450.00 and currently has a market cap of $795.16 million.
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